800 Shares in Carlisle Companies Incorporated (NYSE:CSL) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 800 shares of the conglomerate’s stock, valued at approximately $295,000.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC boosted its position in Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate’s stock valued at $489,000 after purchasing an additional 38 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Carlisle Companies by 0.4% in the 3rd quarter. Retirement Systems of Alabama now owns 100,593 shares of the conglomerate’s stock valued at $45,242,000 after buying an additional 406 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after buying an additional 16,303 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Carlisle Companies by 23.9% during the 3rd quarter. Tidal Investments LLC now owns 7,137 shares of the conglomerate’s stock worth $3,210,000 after acquiring an additional 1,379 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in Carlisle Companies by 0.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,028 shares of the conglomerate’s stock valued at $3,161,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $364.85 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company’s fifty day moving average price is $419.94 and its 200-day moving average price is $422.21. Carlisle Companies Incorporated has a 1-year low of $297.25 and a 1-year high of $481.26. The firm has a market capitalization of $16.54 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Activity

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $470.00.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.